These results are stunning due to three things; DEPTH, GRADE and THICKNESS.
Typical small sized mining equipment has a selectivity of ~1m-3m THICKNESS and all of our results are well over this so it paints a picture of the deposit being extracted with low dilution due to high selectivity.
The GRADE is excellent given you can mine 1g/t profitably in most cases.
The DEPTH of the intercepts is the real kicker. 9m at 3.19g/t from ONE METRE depth mean this; You take one metre of overburden then his 9m of $$$.
Gold/OZ = $1400
g in Troy OZ = 31.1g/OZ
3.19g/t = $45.02 revenue per gram of mineralisation which equals $143 revenue for every tonne.
Processing cost/t = $20 and mining $4 per tonne.
Leaves a nice margin of ~$120 per tonne after basically digging it out from the immediate surface.
What we have sitting here is a LOW COST, LOW DILUTION, HIGH GRADE, CONTINUOUS gold ore body.
GLTAH holders today, so glad I bought BGS :)
announcement out - drilling results highlight , page-29
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